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THE HOG SITUATION 

 By L. F. Stice, Extension Marketing Specialist 



In light of the government's recently announced support price for hogs and 

 the prospective demand for meatP, the outlook for hog prices is as follows: 



1. Production of spring pigs in Illinois for 19^6 should he planned to make 

 the most efficient use of feeds, labor and equipment |' and not on the basis of the pres- 

 ent demand for pork. The current production of pork is low compeared with the demand, 

 but the 19^5 U. S. pig crop is estimated to be the third largest on record. The num- 

 ber of spring pigs raised on Illinois farms was about tl»€ same in 19^5 ao in 19^^. 



2. Although the 19^6 spring pig crop may sell above the government support 

 prices, the production of early spring pigs is to be recommended where labor and house- 

 ing facilities are available. In 19^6 beef and pork will come into more active com- 

 petition with each other, and the support price drops from $13 a hundred pounds r»n 

 September 50, 19^6, to $10.75 a hundred, Chicago basis, the last week in November. The 

 $10.75 price lasts through the first week in January 19^7. 



SUPPORT PRICE FOR HOGS^ CHICAGO, BY WEEKS, MAY 21,. 19^^ TO SEPIEMDER 50, 19^7 



Per 

 cwt. 



$13.00-^ 



12, 

 12. 



11. po- 



ll. 00- 



5C — 



00 — 



I2!i5 



-J 



10. 50— 



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(Until Oct. 1, 19^6-$13\00) 



19^6 



S€pt. 6-27 .$13. 25) 



(Nov. 3a. 191*6— Jan. I4, 19^7=$ 10. 7 5) 



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